Author: Sandeep N Setty

Economic Independence is when you have enough cash inflows to support the lifestyle you want without having to actively work… So you can spend your time however you want, with whomever you want, and swing for the fences when pursuing your passions. Now, we all know that if you want to go somewhere, you start with a map. You identify points A and B and chart the most efficient course. In this case, Economic Independence is Point B, your destination. Everyone’s dream of Economic Independence is different. The components are the same, however… and they’re dead simple: Your cash flow must be greater than your…

Estate planning isn’t just about wealth—it’s about what you leave behind. It’s the process of securing your assets, protecting your loved ones, and ensuring that your life’s work benefits future generations. What Do You Need to Protect? When people think about estate planning, they often focus on wills and inheritance. But the real question is: What can you not afford to lose? Whatever that is, you need to insure it. This includes: Your Legacy: What Will You Be Remembered For? Everyone leaves a legacy, whether they realize it or not. You will be remembered by your family, friends, and even your community. The…

Our plans and dreams are built on the potential income we earn over our lifetime. Whether it’s taking out a university loan, buying a car, or securing a mortgage, these commitments are based on the income we anticipate earning. This realization has led many to consider income protection as an essential part of financial planning. There are two primary reasons why someone might lose their income: Many assume that medical insurance will cover all costs if they fall sick. In reality, medical insurance primarily handles treatment-related bills. It doesn’t cover everyday expenses such as mortgage payments, education fees, car loans,…

Critical illness insurance is an essential safety net for families. It goes beyond standard health or disability coverage by offering additional financial protection when a serious illness strikes. Here are four compelling reasons why families should consider adding this layer of security: 🙌🏻 Helps Replace Lost IncomeA critical illness can prevent you from working, leading to a sudden loss of income. Critical illness insurance steps in to replace that lost income, ensuring your family remains financially stable during difficult times. 🙌🏻 Covers Non-Medical ExpensesSerious illnesses often come with costs beyond medical bills—think travel expenses for treatment or home modifications needed…

What if you could transfer your retirement income to your children, grandchildren, and great-grandchildren? 🤔 Retirement planning some 50 years ago was so different from what we do today… Life Expectancy has shot up, lifestyle during retirement has changed, accessibility to medical treatments has improved and the affordability of dependents has also changed. I want you to rethink EVERYTHING you know about retirement planning… Retirement planning used to be about relaxing in your GOLDEN years… BUT when do your GOLDEN years start? 50, 55, 60, 65, 70, 75?… The generation gap and life expectancy have NOW become OPTIMUM for being very…

“Cut back,” they say.“Save every penny you can,” they say.“Sacrifice the good times today,” they say, “so that maybe you can have fun later when you’re old and grey.” Not only does this sound like a miserable existence (and it is), but there’s also a major psychological problem with this approach to building wealth. If I told you not to think of an elephant, what would you think of? An elephant, of course! And that’s the problem with financial advice rooted in scarcity. By urging you to cut back on the enjoyable things in life, sacrifice the good times, and save your…

When it comes to transferring wealth to the next generation, ask yourself: Are you transferring net worth or actual assets? Most people default to transferring net worth—but that can be a mistake. The key is to focus on transferring assets. Consider this example:A father has a net worth of 10 crores, which consists of assets worth 15 crores and liabilities amounting to 5 crores. When planning to pass on his wealth, the real question is, how much of these assets will be transferred to his son and daughter? More importantly, what role do liabilities play, and who will inherit them?…

Last week, I had an insightful conversation with a successful business owner that truly underscored the importance of managing both business operations and family finances. I’d like to share a few key lessons from that discussion—lessons that many high-net-worth families and business owners live by. 1. Build Vested Compensation for Your Successor A well-designed, vested compensation plan for your successor is crucial. Not only does it motivate the next generation, but it also aligns their interests with the long-term success of the business. When successors see the rewards tied to their performance, they’re more likely to take ownership seriously and…

I dare to say the truth about traditional financial planning—it’s often built on the accumulation theory of wealth, a mindset that has long been the norm in personal finance. But what if there’s a better way? What if the focus shifted from merely accumulating money over decades to actively creating cash flow and achieving economic independence? Rethinking Wealth: Cash Flow vs. Accumulation In traditional finance, we’re taught that the key to growing wealth is to set aside money in an investment vehicle and hope it grows over time. While this strategy can work, it is largely based on the assumption…

In today’s complex financial landscape, the demand for effective asset structuring is driven by one simple yet powerful goal: to protect, grow, and pass on wealth through generations. For high-net-worth families and successful business owners, asset structuring is not merely an option—it’s an essential strategy for long-term prosperity. Protecting Your Wealth At the heart of asset structuring is protection. Wealth isn’t just about accumulating assets; it’s about shielding them from unexpected challenges. This means creating legal, tax, and insurance frameworks that safeguard your wealth from lawsuits, regulatory changes, and economic downturns. By integrating these elements into a cohesive plan, you…